NORTH CAROLINA CAPITAL MANAGEMENT TRUST
NSAR-B, 1997-08-28
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<PAGE>      PAGE  1
000 B000000 06/30/97
000 C000000 0000702149
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE NORTH CAROLINA CAPITAL MANAGEMENT TRUST
001 B000000 811-3455
001 C000000 6174766483
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CASH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 TERM PORTFOLIO
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
011 B00AA01 8-8775
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
011 A00AA02 STERLING CAPITAL DISTRIBUTORS, INC.
011 B00AA02 8-27798
011 C01AA02 CHARLOTTE
011 C02AA02 NC
011 C03AA02 28246
012 A00AA01 FIDELITY INVESTMENTS INST'L. OPERS. CO., INC.
012 B00AA01 84-00216
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
<PAGE>      PAGE  2
014 A00AA01 FIDELITY DISTRIBUTORS CORPORATION
014 B00AA01 8-8775
014 A00AA02 FIDELITY BROKERAGE SERVICES, INC.
014 B00AA02 8-23292
014 A00AA03 NATIONAL FINANCIAL SERVICES CORP.
014 B00AA03 8-00000
015 A00AA01 FIRST UNION NATIONAL BANK OF NORTH CAROLINA
015 B00AA01 C
015 C01AA01 CHARLOTTE
015 C02AA01 NC
015 C03AA01 28288
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  237
019 C00AA00 FIDELITYZZ
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   2400756
022 D000001     70628
022 A000002 LEHMAN BROS., INC.
022 B000002 13-2518466
022 C000002   1658913
022 D000002     60278
022 A000003 GENERAL ELECTRIC CREDIT CORP.
022 B000003 00-0000000
022 C000003    971677
022 D000003         0
022 A000004 ASSOCIATES CORP. OF NORTH AMERICA
022 B000004 00-0000000
022 C000004    964853
022 D000004         0
022 A000005 MORGAN (J.P.) SECURITIES, INC.
022 B000005 13-3224016
022 C000005    784803
022 D000005     28978
022 A000006 FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006    657996
022 D000006     22370
<PAGE>      PAGE  3
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007    659748
022 D000007      2000
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000008 13-5674085
022 C000008    525048
022 D000008     46924
022 A000009 CITIBANK N.A.
022 B000009 00-0000000
022 C000009    480921
022 D000009     11805
022 A000010 IBM CREDIT CORP.
022 B000010 00-0000000
022 C000010    419043
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023 D000000     813224
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<PAGE>      PAGE  4
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054 H00AA00 Y
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054 K00AA00 Y
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057  00AA00 N
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066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
<PAGE>      PAGE  5
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
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070 O01AA00 Y
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077 A000000 Y
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077 M000000 N
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077 O000000 N
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077 Q010000 N
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077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION INSURANCE COMPANY
080 C00AA00   222000
<PAGE>      PAGE  6
081 A00AA00 Y
081 B00AA00 235
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
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008 A000101 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000101 A
008 C000101 801-7884
008 D010101 BOSTON
008 D020101 MA
008 D030101 02109
008 A000102 FMR TEXAS INC.
008 B000102 S
008 C000102 801-3720
008 D010102 IRVING
008 D020102 TX
008 D030102 75039
013 A000101 COOPERS & LYBRAND, LLP
013 B010101 DALLAS
013 B020101 TX
013 B030101 75201
024  000100 Y
025 A000101 GOLDMAN, SACHS & CO.
025 B000101 13-5108880
025 C000101 D
025 D000101   68789
025 A000102 GENERAL ELECTRIC CO.
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025 D000102   14884
025 A000103 ASSOCIATES CORP. OF NORTH AMERICA
025 B000103 00-0000000
025 C000103 D
025 D000103   43715
<PAGE>      PAGE  7
025 A000104 MORGAN (J.P.) SECURITIES, INC.
025 B000104 13-3224016
025 C000104 D
025 D000104   19737
025 A000105 MORGAN STANLEY & CO., INC.
025 B000105 13-2655998
025 C000105 D
025 D000105   34912
025 A000106 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 B000106 13-5674085
025 C000106 D
025 D000106   45771
025 A000107 CITIBANK N.A.
025 B000107 00-0000000
025 C000107 D
025 D000107   14953
025 A000108 DELETE
025 D000108       0
025 A000109 DELETE
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028 D010100    482476
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028 D030100         0
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<PAGE>      PAGE  8
028 G010100   3378664
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037  000100 N
038  000100      0
039  000100 N
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043  000100      0
044  000100   3280
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   7.5
062 D000100   0.1
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   2.6
062 I000100  89.8
062 J000100   0.0
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063 B000100  0.0
064 A000100 Y
064 B000100 N
071 A000100         0
071 B000100         0
<PAGE>      PAGE  9
071 C000100         0
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072 X000100     7298
072 Y000100        1
072 Z000100   106084
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072CC010100        0
072CC020100        0
072DD010100   106084
072DD020100        0
072EE000100        0
073 A010100   0.0513
073 A020100   0.0000
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073 C000100   0.0000
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074 B000100     2310
074 C000100  1982822
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074 J000100        0
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<PAGE>      PAGE  10
074 M000100        0
074 N000100  1985886
074 O000100        0
074 P000100      628
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074 V020100     0.00
074 W000100   1.0000
074 X000100     1258
074 Y000100        0
075 A000100  2068902
075 B000100        0
076  000100     0.00
008 A000201 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000201 A
008 C000201 801-7884
008 D010201 BOSTON
008 D020201 MA
008 D030201 02109
013 A000201 COOPERS & LYBRAND, LLP
013 B010201 BOSTON
013 B020201 MA
013 B030201 02110
024  000200 N
025 A000201 DELETE
025 D000201       0
025 A000202 DELETE
025 D000202       0
025 A000203 DELETE
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025 D000208       0
028 A010200      1300
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028 B030200         0
028 B040200       802
<PAGE>      PAGE  11
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028 F010200      2500
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028 G010200      6319
028 G020200      1724
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028 G040200      6042
028 H000200         0
037  000200 N
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042 C000200   0
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042 E000200   0
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062 A000200 Y
062 B000200  99.9
062 C000200   0.0
062 D000200   0.1
062 E000200   0.0
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<PAGE>      PAGE  13
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SIGNATURE   JOHN H. COSTELLO                             
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000702149


<NAME>      The North Carolina Capital Management Trust


<SERIES>

        <NUMBER>        11


        <NAME>      Cash Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

6-mos


<FISCAL-YEAR-END>

jun-30-1997


<PERIOD-END>

jun-30-1997


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1,985,132


<INVESTMENTS-AT-VALUE>

1,985,132


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254


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500


<OTHER-ITEMS-ASSETS>

0


<TOTAL-ASSETS>

1,985,886


<PAYABLE-FOR-SECURITIES>

0


<SENIOR-LONG-TERM-DEBT>

0


<OTHER-ITEMS-LIABILITIES>

1,961


<TOTAL-LIABILITIES>

1,961


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

1,983,983


<SHARES-COMMON-STOCK>

1,983,957


<SHARES-COMMON-PRIOR>

1,740,358


<ACCUMULATED-NII-CURRENT>

0


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(58)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

0


<NET-ASSETS>

1,983,925


<DIVIDEND-INCOME>

0


<INTEREST-INCOME>

113,382


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0


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7,298


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106,084


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5


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0


<NET-CHANGE-FROM-OPS>

106,089


<EQUALIZATION>

0


<DISTRIBUTIONS-OF-INCOME>

106,084


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


<NUMBER-OF-SHARES-SOLD>

6,770,047


<NUMBER-OF-SHARES-REDEEMED>

6,619,741


<SHARES-REINVESTED>

93,293


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243,604


<ACCUMULATED-NII-PRIOR>

0


<ACCUMULATED-GAINS-PRIOR>

(38)


<OVERDISTRIB-NII-PRIOR>

0


<OVERDIST-NET-GAINS-PRIOR>

0


<GROSS-ADVISORY-FEES>

7,210


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

7,298


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2,068,902


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1.000


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 .051


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0


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 .051


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0


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0


<PER-SHARE-NAV-END>

1.000


<EXPENSE-RATIO>

35


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0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
 

<CIK>     0000702149


<NAME>      The North Carolina Capital Management Trust


<SERIES>

        <NUMBER>        21


        <NAME>      Term Portfolio


<MULTIPLIER>    1,000


       

<S>

<C>

<PERIOD-TYPE>

Year


<FISCAL-YEAR-END>

jun-30-1997


<PERIOD-END>

jun-30-1997


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68,216


<INVESTMENTS-AT-VALUE>

67,929


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1,106


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1


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0


<TOTAL-ASSETS>

69,036


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0


<SENIOR-LONG-TERM-DEBT>

0


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309


<TOTAL-LIABILITIES>

309


<SENIOR-EQUITY>

0


<PAID-IN-CAPITAL-COMMON>

70,698


<SHARES-COMMON-STOCK>

7,125


<SHARES-COMMON-PRIOR>

6,555


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13


<OVERDISTRIBUTION-NII>

0


<ACCUMULATED-NET-GAINS>

(1,697)


<OVERDISTRIBUTION-GAINS>

0


<ACCUM-APPREC-OR-DEPREC>

(287)


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68,727


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0


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5,222


<OTHER-INCOME>

0


<EXPENSES-NET>

242


<NET-INVESTMENT-INCOME>

4,980


<REALIZED-GAINS-CURRENT>

(1,179)


<APPREC-INCREASE-CURRENT>

(17)


<NET-CHANGE-FROM-OPS>

3,784


<EQUALIZATION>

0


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4,982


<DISTRIBUTIONS-OF-GAINS>

0


<DISTRIBUTIONS-OTHER>

0


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1,151


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925


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344


<NET-CHANGE-IN-ASSETS>

4,372


<ACCUMULATED-NII-PRIOR>

15


<ACCUMULATED-GAINS-PRIOR>

(518)


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0


<OVERDIST-NET-GAINS-PRIOR>

0


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239


<INTEREST-EXPENSE>

0


<GROSS-EXPENSE>

243


<AVERAGE-NET-ASSETS>

66,541


<PER-SHARE-NAV-BEGIN>

9.820


<PER-SHARE-NII>

 .730


<PER-SHARE-GAIN-APPREC>

(.170)

<PER-SHARE-DIVIDEND>

 .730

<PER-SHARE-DISTRIBUTIONS>

0


<RETURNS-OF-CAPITAL>

0


<PER-SHARE-NAV-END>

9.650


<EXPENSE-RATIO>

37


<AVG-DEBT-OUTSTANDING>

0


<AVG-DEBT-PER-SHARE>

0



        



</TABLE>


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